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Segment and Related Information (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Schedule of Operating Results by Segment
A summary of operating results for the periods ended September 30 is as follows: 
Revenue
Three Months
 
Nine Months
(in millions)
2018
 
2017
 
2018
 
2017
Ratings
$
700

 
$
739

 
$
2,223

 
$
2,199

Market Intelligence
464

 
422

 
1,349

 
1,238

Platts
204

 
193

 
604

 
577

Indices
205

 
187

 
627

 
542

Corporate
5

 
—

 
10

 
—

Intersegment elimination 1
(32
)
 
(28
)
 
(92
)
 
(81
)
Total revenue
$
1,546

 
$
1,513

 
$
4,721

 
$
4,475

Operating Profit
Three Months
 
Nine Months
(in millions)
2018
 
2017
 
2018
 
2017
Ratings 2
$
395

 
$
375

 
$
1,173

 
$
1,144

Market Intelligence 3
148

 
123

 
388

 
339

Platts 4
98

 
84

 
285

 
245

Indices 5
134

 
119

 
416

 
352

Total reportable segments
775

 
701

 
2,262

 
2,080

Corporate Unallocated 6
(71
)
 
(52
)
 
(176
)
 
(124
)
Total operating profit
$
704

 
$
649

 
$
2,086

 
$
1,956


1 
Revenue for Ratings and expenses for Market Intelligence include an intersegment royalty charged to Market Intelligence for the rights to use and distribute content and data developed by Ratings.
2 
Operating profit includes legal settlement expenses of $73 million for the nine months ended September 30, 2018. Operating profit includes employee severance charges of $15 million for the three and nine months ended September 30, 2017 and legal settlement expenses of $2 million for the nine months ended September 30, 2017. Operating profit also includes amortization of intangibles from acquisitions of $1 million for the three months ended September 30, 2018 and 2017 and $2 million and $3 million for the nine months ended September 30, 2018 and 2017, respectively.
3 
Operating profit includes restructuring charges related to a business disposition and employee severance charges of $2 million for the three and nine months ended September 30, 2018. Operating profit includes a non-cash disposition-related adjustment of $4 million and employee severance charges of $4 million for the nine months ended September 30, 2017. Operating profit includes amortization of intangibles from acquisitions of $18 million and $17 million for the three months ended September 30, 2018 and 2017, respectively, and $54 million and $52 million for the nine months ended September 30, 2018 and 2017, respectively.
4 
Operating profit includes amortization of intangibles from acquisitions of $4 million and $5 million for the three months ended September 30, 2018 and 2017, respectively, and $13 million for the nine months ended September 30, 2018 and 2017. Operating profit includes a non-cash acquisition-related adjustment of $11 million, a charge to exit a leased facility of $6 million, an asset write-off of $2 million, and employee severance charges of $1 million for the nine months ended September 30, 2017.
5 
Operating profit includes amortization of intangibles from acquisitions of $2 million and $1 million for the three months ended September 30, 2018 and 2017, respectively, and $5 million and $4 million for the nine months ended September 30, 2018 and 2017, respectively.
6 
Operating loss for the three and nine months months ended September 30, 2018 includes Kensho retention related expense of $11 million and $23 million, respectively, lease impairments of $11 million and employee severance charges of $7 million. Operating loss also includes amortization of intangibles from acquisitions of $8 million and $17 million for the three and nine months ended September 30, 2018, respectively. Operating loss for the three and nine months ended September 30, 2017 includes employee severance charges of $4 million.
Schedule of Revenue by Geographic Region
The following provides revenue by geographic region for the periods ended September 30:
(in millions)
Three Months
 
Nine Months
 
2018
 
2017
 
2018
 
2017
U.S.
$
932

 
$
914

 
$
2,843

 
$
2,726

European region
380

 
361

 
1,164

 
1,068

Asia
160

 
157

 
475

 
432

Rest of the world
74

 
81

 
239

 
249

Total
$
1,546

 
$
1,513

 
$
4,721

 
$
4,475